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20120906
20120906
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CNBC 11
CSPAN2 5
FBC 5
SFGTV2 4
CNN 3
CNNW 3
KNTV (NBC) 1
KQED (PBS) 1
LINKTV 1
MSNBC 1
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WETA 1
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English 45
Search Results 0 to 44 of about 45 (some duplicates have been removed)
CSPAN
Sep 5, 2012 8:00pm EDT
that it is going as you will understand the united states we understand of madison and jefferson and washington how they form the country but would be a very good basis for understanding what was going on in the united states so current china was very much shaped by deng xiaoping. he came to power in 1978 and was the dominant person right up until 1992 for the period of about 14 years. what i thought i would do in the brief time today i was told to not talk for more than 20 minutes would be to talk about some of the forces that shaped what he was and what he did to transform china because 1978 the country that he inherited had a per capita income of less than $100 per capita. now is estimated somewhere rs/6000 and it's on the path of that he is headed on. there is almost no migration from the countryside in the city and since he came perhaps 200 million have moved from the countryside to the town and the city. when he came to power the country was still involved in the cultural revolution and the relevant nettie toward each other and he worked to unite the country to set it on the new path. what ar
CSPAN
Sep 5, 2012 11:00pm EDT
-year plan. how many of you have studied the plan? you know, in the united states and u.s. context, the entire idea of five-year plans sounds preposterous. they are taken serious in china and this one in particular is like a chain in the curve for the chinese economy. it says basically looking backwards china's successes have almost been enough low-wage factoriescome the building, road roads and all the rasputin the future under this plan they want to have more high-tech. they want infotech industry from a biotech industry coming clean take energy and aerospace industry. so the idea of the country can move from its current level of technology is something played out in this industry and a lot of others. another major theme you see about china in this field and others is the style of what i think of as the real estate centric theory of modernization. if you look for an explanation of almost anything happening in china now and say well why is the seaport go in there? why is this ancient village removed? why is x, y or z happening? real estate deals may not be the only answer, but usu
CSPAN
Sep 6, 2012 12:00pm EDT
that the united states has to survive. it has to survive to show the world that the representative governments can work. the kids in 1848 in a series of revolutions in europe as they see it a failed as the democratic revolution, and so they see the united states this is it, the world's last shot. it has to work your order will never be tried again. so the states think they can destroy the government which is how the unions see it because they don't like to get elected. they said self-government doesn't work, so we have to prove that the thing can survive and that's how they start. but you don't have to be in a very long before they begin to think why do they get into this to begin with? talk to this virus and slaves -- southerners and slaves and they got into the problem to begin with because the institution of slavery. if you want to solve a problem, the only way to do it is to root out the cause. so union soldiers made a shift much earlier than i had anticipated. the big shift begins in the summer of 1861 with soldiers beginning to write home to their families and elected officials to say that i
KCSMMHZ
Sep 6, 2012 6:00am PDT
exported from here to ten countries in the asia-pacific region, including japan, the united states, and singapore. there are large oil deposits in eastern siberia. most of the crude oil exported originates in this area. during the soviet era, the oil fields of western siberia were the center of oil production. however, after nearly 40 years of productivity, they will soon be depleted. to take their place, production has been stepped up in eastern siberia. one of the oil fields now being developed by russian oil companies is this oil field, the size of switzerland. it was first discovered during the soviet era. at that time, there was no way to transport the oil, so it was left untouched for nearly 50 years. >> translator: currently, we have five tanks with the capacity of 3,000 cubic meters. one for processing, four for storage. construction recently began for two tanks of 10,000 cubic meters. >> reporter: for decades, the population of the local village has been falling. there were no jobs. the oil field development prompted the population boom. it's also brought new infrastructur
MSNBC
Sep 6, 2012 4:00pm PDT
and a white america and latino america and asian america. there's a united states of america. >> eight years after the keynote that launched his national career, four years after becoming the nation's first african-american nominee, tonight president barack obama accepts the nomination a second time. tonight the president makes his case for four more years. >> four more years. >> america needs four more years. >> tonight more from the first lady, vice president biden, caroline kennedy, the foo fighters? yes, the foo fighters. weather moved tonight indoors. but after a first night owned by michelle obama, after a second night owned by president clinton, expectations for the finale are sky high. msnbc's primetime coverage of the democratic national convention's final night begins right now. >>> thank you for joining us. i'm rachel maddow here at msnbc headquarters in new york. i'm joined by ed shultz, melissa harris-perry, chris hayes, and the senior strategist steve schmidt. lawrence o'donnell and al sharpton will be joining us in a moment. leading us from the site of the convention is our co
CNN
Sep 6, 2012 10:00am PDT
, there is not a liberal america or a conservative america, but a united states of america. >> reporter: he has made a sport of outspeaking the adversary. >> john mccain says that he would like to follow osama bin laden to the gates of hell, but he won't follow him to the gates where he lives. >> reporter: and yet he faces the biggest challenge tonight, can barack obama top barack obama? >> the expectations game tonight works against the president. it is a speech that will be compared to the '08 speech. >> reporter: obama comes from a long line of presidential party candidates who faced similar challenges. recall bill clinton's snoozer of a speech. >> in closing -- [ cheers and applause ] >> reporter: became history when it was replaced by the 1992 rousing speech. >> i have news for those defenders of greed and the status quo, your time has come and gone. >> reporter: it is up to obama to live up to clinton's second successful convention speech. >> tonight, let us resolve to build that bridge to the 21st century to meet our challenges and protect our values. >> the president has to make a case for h
SFGTV2
Sep 6, 2012 10:00am PDT
states and we work on how europe and the united states can work together on the major world challenges like climate change and economic trade and development, just a number of issues the program i run goes back to the early days in the first 20 years when we were primarily a grantmaker making grants to low-cal practitioners and policymakers. i started this program about four years, five years ago now, i think, time flies, to really bring in members of our marshall memorial fellowship network of which david chiu is one of our alumni. some of our past grantees and also the next crop of practitioners and local civic leaders who are really looking to change their home communities by looking abroad or looking to other cities to see what other cities are doing well and how that might be imported back home or translated back home. so the comparative dom particular policy program works primarily in the 25 cities that doug mentioned, but not exclusively in those cities. we really are looking for some of the best practices in education and workforce development, in integration of diverse populat
SFGTV2
Sep 6, 2012 10:30am PDT
ideas that we had from the united states. and it was a remarkably fruitful exchange and i think many of us that went on that trip brought back ideas to the united states that we are trying to legislate here locally. i'm also excited to see all of you here in part because some of you know, i'm one member of the board that doesn't have a car, that rides my bicycle many days of the week -- [applause] >> and like all of you, i think we are remarkably excited about the fact that the bike plan is moving forward, the fact that today is the start of the trial on market street, the fact that we are really moving our city's biking agenda forward. and i think with those of our friends from europe, we all want to take this to the next level and figure out what are the best ideas that we can adopt from the great cities around the world. we know that in recent years, i think san francisco with the help of our community advocates from the bike coalition and other advocates were really trying to bike strong and bike hard into the wind and i think finally the wind is at our back. we need the best ide
CNBC
Sep 6, 2012 6:00pm EDT
around van heusen in particular and arrow, the two larges brands in the united states. then our sportswear izod, a major roll-out with jc penney with the brand there. continued strong growth in our department store base, particularly macy's. that brand continues to perform and regain positioning. >> jc penney is a battleground. people worried that perhaps they are not doing well on your conference call you made it clear stores within stores are fantastic for your future. >> you know, we think it is a great way to show case our brands. we have seen early results and i'm talking about very early. ten days worth of sales so far as new shops have gone in. we have seen good sales performance in those stores. ron johnson from jc penney has talked about the transformation he's taking the company through. clearly he's been up front about the rocky issues he's had to keel wi deal with. they have a clear path. we are being as supportive as we can with them, not only with izod but with van heusen. we are a big part of the dress furnishings business to move the consumer forward. >> do they
FOX Business
Sep 6, 2012 4:00pm EDT
printing spree here in the united states, printing anywhere from 2.4 trillion to $2.7 trillion in order to buy up bonds, including a lot of government debt directly. they say, hey look, so far we don't have inflation so there is no harm in it. to what you say? >> 2% inflation as opposed to a greater level of inflation, there is such a panic in europe that everybody was racing out of the europe into the dollar. holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has
FOX Business
Sep 6, 2012 5:00pm EDT
and the united states. work with those people and have the keystone pipeline and, but, the missing link, in this whole thing is that we've never had an energy plan in america. melissa: you are right about that. >> we have no energy plan. melissa: you're right about all that. that is great setup because we have the ceo transcanada coming up. boone pickens thanks for coming on the show tonight. we really appreciate your time. >> sure. melissa: transcanada submit as new route for the keystone xl pipeline. can the plan avoid getting quashed by the white house? boone talked about how much we need this. i will ask transcanada's ceo in a first on fox interview coming up next. >>> plus, ecb mario draghi sends bulls on a tear. look at that. is his debt crisis fix a short term high for investors? piles of money printed by the e.u. coming up. ♪ . [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit fl
SFGTV2
Sep 6, 2012 11:30am PDT
a question? use the microphone, please. >> separated bike paths in the united states are controversial, and they're slowly catching on. how important is it to have those facilities in place? is it maybe a quarter of importance, 50% of the attraction for people to take their bikes? i'm wondering how important it is. >> i think that you need a cycling infrastructure, both from a statistical point of view and the feeling that people have when they use it. otherwise, we do not think we would have more people cycling if we did not put in more cycling facilities. i think the cycling infrastructure is absolutely necessary. if you want to do something for the other groups, you also have to do a lot when you design your intersections. that is where the most accidents happen and where the people feel the most unsafe. we're focusing very much on the intersections, how to design those. >> the towns in the netherlands have the highest rate of bicycle use. also, in denmark. ithey have all the facilities ad priorities for bicycles. it turns out that these towns have a lot higher bicycle use than else
CNBC
Sep 6, 2012 4:00am EDT
of companies being started. there actually in the united states has been a dip in new starts. usually there's an upswing in new starts in the recession. we have a very unusual recession going on here. i think it's largely driven by the origins of the recession, that it was a finance-based recession. this has rippled through in terms of credit into the economy and it's changing the nature of available capital resources for startups. although your concern is logical, i don't think it's what's happening right now. >> the number one concern people have about the u.k. is the proximity to europe. this seems to be the number one issue. you can't do anything about the back drop. the government has pinned its hopes on programs like the funding for lending scheme. do you think this does anything to encourage small businesses? >> there's a couple of points in there. i completely agree that we have a challenge that our largest trading partner is the e.u. there's little to be done about that per se. but funding -- the lending for business scheme is a challenge in the startup context in a number of level
CNBC
Sep 6, 2012 6:00am EDT
the world's largest economy in the united states. i would imagine if in three to ten years the financial system were to collapse because of the overprinting of money, i would imagine we would have a lot to do with that as the biggest players in all of this. does that mean that you are pessimistic about the united states' ability to come to grips with its unfunded liabilities and entitlements? is that what's going to cause this, we're not going to fix these? >> i'm very concerned that regardless of who will be in the white house next year, the republicans or the democrats, the fiscal deficit will stay above a trillion dollars as far as the eye can see. and that more money printing is on the way, qe 3, qe 4, so on. but you understand i want to clarify one point, i am bearish about the financial system and i think eventually it will collapse, but if you think it through, what is better to own in a systemic crisis, cash with the banks, treasury bills, or real estate in the u.s., or equities? i think that real estate in the u.s., i'm not talking about west 15 where sandy sold his condo for 8
CNBC
Sep 6, 2012 12:00pm EDT
% funded by the united states, germany, france, united states, china, japan, they will all kick in and do what they have to do to kick the can down the road. i think that's what's happening. we're not solving the problem. we're dealing with it and kicking it down the road. the third area i think would make a big difference and not to get involved in politics about as difficult to talk about as abortion but i think a romney victory would put the market above the range where we are at presently and i am kind of thinking if i had to handicap it if a romney victory, let me just say that the significance of an event for the market is very much a function of where the market is when the event occurs. i say from the roughly 1400 area a romney victory would add 100 points to the s&p and an obama victory would probably be maybe a 50-point decline. i think it is very important. we're at a crucial point in economic history of the country and i think what happens in november is very important. >> tom lee of j.p. morgan was on one of the earlier programs this morning talk in the same measure on what a
FOX News
Sep 6, 2012 4:00pm PDT
that the united states is deploying over europe would definitely be directed against russia. romney campaign staffers said they have no comment on putin's statement. in any case, after putin offered his views on the political dynamic, he dressed up as a crane, hopped into a motorized hang glider. it was for a project to teach migration to endangered siberian white cranes. >>> we're two hours away from vice president joe biden taken to the stage in char l. as we've seen in the past, he request be, well, unpredictable. we'll get a preview of what he plans to say and a look back at some of his memorable comments, plus just hours after president obama's speech, the feds are set to release the august jobs numbers. tonight what the experts are predicts and what it all might mean for the president. that's coming up as we approach the bottom of the hour and the top of the news live from charlotte, north carolina where the foo fighters have just taken the big stage. ♪ ♪ there goes my hero ♪ he's just an ordinary ♪ copies of my acceptance speech. great! it's always good to have a backup plan,
CNBC
Sep 6, 2012 1:00pm EDT
going through a tremendous recession and just like the united states, we're investing in the toughest of times so that the customers will have the vehicles they want in value as the economy starts to come back. >> reporter: ford tries to fix sales and grow sales the big question for a lot of investors, what happens when the ten assembly plants in europe? is there a chance to curtail production further? 63% capacity in the second squaert and losses could be as high as $2 billion by an estimate on wall street. and as you look at ford stocks, off to the races today. this is the highest we have seen this stock since early july. some are wondering is it possible to get above $10? hasn't been there since springtime. >> phil, if this rally has staying power maybe it will. thank you very much. >>> tonight, president obama will officially accept the democratic nomination for the second term as president of the united states. the business is building inside the arena in charlotte and talking with the may why are of gary, indiana. miss karen freeman-wilson. madame mayor, nice to have you on "pow
LINKTV
Sep 6, 2012 11:00am PDT
, united europe, strasbourg symbolizes an increasingly important concept: that of supranationalism, as embodied by the european union. it is an idea that transcends cultural and national definitions of state territory. as boundaries allow more fluid movement, perceptions of state identity may become more fluid as well. in the final analysis, europe's supranationalism seeks to enhance how european places interact with each other and how europe, as a region, can most effectively interact with the world. europe has seen increasing supranationalism through organizations like the european union. however, at the same time, certain countries in the region have split apart-- a process called "devolution." though former yugoslavia dissolved into bitter war, its neighbor, czechoslovakia, separated peacefully into the czech and slovak republics. our focus is on the slovak republic. we'll see that this young country still struggles with border disputes, ethnic tensions and economic development issues connected to its communist past and its independent future. thirty miles east of vienna lies a
SFGTV2
Sep 6, 2012 11:00am PDT
the same thing with cycling. in the united states, many people, especially in big cities, are much more resistant to the idea, including individual motorists, not just businesses afraid of profit. i am wondering, i am not sure how much a european have met with people who are very resistant, thinking it is like socialism, people just want to
WHUT
Sep 6, 2012 7:00am EDT
bodies of her mother, father, and grandmother. >> still to come on gmt, the search is on in the united states for those behind an elaborate bank robbery. was a real or was it a hoax? bullfighting has been shown live on spanish public television for the first time in six years. the ban has been lifted by the spanish prime minister. >>♪ >> supporters say it celebrates spain's cultural heritage. critics insist it is outdated and cruel. six years ago, bullfighting was banned from the widely watched television channel, a decision made by the previous socialist government. now bullfighting is back on state tv in a prime-time spot. >> i like it very much because young people will once again see the bulls and a this is what we want. >> it seems very good to me indeed. it is about time. >> the decision was made by the pro-bullfighting prime minister who is hoping to make the sport a staple of spanish tv once again. but the move has angered animal rights campaigners. >> we see this as a backward step not only from a social and ethical point of view about what it means for torturing animals. >>
CNBC
Sep 6, 2012 4:00pm EDT
from the united states and asia as well. the big talk is draghi today. people are happy he did come through with what he said he would. there is a debate on whether it was exactly what we expected or better for the short term, but i really think that is the key. over the short term, people have very, very happy for the ability for stimulus and solve rans and to be able to be accessing this window from the european central bang. longer term is a bigger question. at this point, the next question to ask is who will utilize this program. there is a stigma attached. for example, one leader that i was talking to tonight said to me if spain says we're going to utilize this, it's an admission. italy, again, a stigma astaffed in terms of utilizing that program. people do not expect the italian government to access this right away. they don't think italy is in the same position at spain. spain needs it more, but that stigma is holding back expectations. so the question now is which country will use it, which will use it right away, and if in fact they will, will that be a negative at some poi
CNBC
Sep 6, 2012 7:00pm EDT
deficits in the history of the united states. four deficits in excess of a trillion dollars each so that more than a third of all the debt ever run up in the 236-year history of the united states, more than a third of it was under barack obama's presidency in the last three and a half years. who's going to pay off the debt? our children and a grandchildren. that's who is going to pay it off. that's where romney and paul ryan are calling for a growth agenda where we can start creating jobs in this country and not have economic growth of 1.7%, under 2% and a federal reserve board that believes we'll be in this shape for two years. that's why they say they will keep interest rates for another two years. >> you heard him talk about the debt created under president obama when the country was going off a fiscal cliff and the banks were seizing up. he never referenced the 5 trillion in debt generated under george bush while he was governor. he never referenced the two wars we didn't pay for. george bush was the first president in the history of the union to go to war and give people a tax
CSPAN
Sep 6, 2012 9:00am EDT
the very stylish, 34-year-old first lady of the united states surrounded by all these dashing people and then that came to an end. and the war began to heat up and suddenly the country seemed, seemed to come unhinged in a way. all the values of the world war ii generation come home with challenged within their own families. institutions of government, place of government in our lives. the idea of loyaltity and patriotism all went out the window. civil rights movement went from nonviolent movement led by dr. king depending on rule of law, it went to the streets. you know, violence in america is as as american as cherry pie. so it was a, it was a head-snapping time. there was no question about it and the fact that we emerged from it and reasonably good shape is still fairly astonishing to me. it is a real tribute to the tense aisle strength of this country in a lot of ways. >> host: i began my marriage, tom brokaw writes and my career as journalist in 1962, a straight arrow product of the 1960s. by the time decade was over i had my first taste of the marijuana, i had long hair and week
CSPAN
Sep 6, 2012 5:00pm EDT
american forces, became two-term president of the united states and the for some reason the los angeles press corps was paralyzed in place. so i stepped forward and i began asking questions of what i called, general eisenhower. i didn't call him the president because, to me had always been a general. we had really good exchange. and in which he said he wanted reagan to run as a favorite son in six at this it. -- '68. you thought that with be good for the party around good for the country. that was in his own way a shot at rich richard nixon. >> guest: boom, you write, one minute ike and man in gray flannel suit in the lonely crowd and next minute, tune on, tune in, drop out, time for we shall overcome and burn baby burn. while americans were walking on the moon, americans were dying in vietnam. there were assassinations and riots. jackie kennedy became jackie o. ty e-die shirts rpt martin luther king, jr. george wallace, tom hayden and. mick jagger and wayne newton. well you get the idea, boom. >> guest: i don't want to overstate this seldom in our recent history at least has there been
CNN
Sep 6, 2012 6:00am PDT
for the 3 million jobs that are actually vacant in the united states but that people can't get because they are not well trained. so a significant part of the way forward is training and retraining. we have also been in a bit of a stalemate. and the american people are going to decide whether we're going to go forward with president obama or backward. so i think that he's going to ask the american people to stick with him so that the initiatives that have been blocked by an obstructionist congress can actually be cleared. so that we can invest in roads and bridges, which we know if we invest in snificant infrastructure, we can create between 500,000 to 1 million new jobs. >> well, let's talk about -- >> hold on one second. wait a minute. you know that there has been no movement on a number of these programs. and i think there will be after the election. >> well, that's a question i want to ask you. we heard this rousing speech from bill clinton. he talked about how he was able to reach across the aisle and work with republicans on welfare reform, right? but it's sort of like reminding
FOX News
Sep 6, 2012 8:00am PDT
been informed that barack obama is now our party's official nominee for president of the united states of america. [cheers and applause] ♪ >> congratulations, mr. president. congratulations, america. jenna: that look like a great workout. [laughter] jon: jane fonda. they are working out, they are partying in charlotte, aren't they? wow. jenna: certainly a lot of movement and a lot of excitement. jon: a lot of happiness there. and now the voters decide. good morning to you, i'm jon scott. jenna: hi, everybody, i'm jenna lee, and we're live at the democratic national convention as president obama gets ready for his big night tonight where he will accept his party's nomination for a second term. but another democratic star stole the show last night. three guesses, jon. jon: could it be bubba? jenna: that's right. in a nearly 50-minute speech, bill clinton fired up the crowd, warning the country not to return the white house to republican control while offering a stirring endorsement of president obama. take a listen. >> we democrats, we think the country works better with a strong middl
FOX Business
Sep 6, 2012 11:00am EDT
are under way in the united states. hundreds of employees potentially at risk. and telling charlie the equity business has been, quote, decimated. we will get more from charlie gasparino in the next hour of markets. dennis: stocks every quarter hour. chipmakers that both end of the spectrum. nicole: we talk about supply it is the big issue. technology groups, to the downside and a supply warning and you can see down 22% is a huge move to the downside. if you are disappointed in how you have supply ready to go and some key beneficiaries both of which are up 8% on this news another thing to note is prices are flat but this could -- benefit from supplies. big picture market outlook a big day. if you have an ira or 401(k) you are pretty happy. lots of new highs. dennis: thank you. gold is hitting a five month high today. phil flynn of price futures group and fox business contributors watching all things shiny. phil: we are seeing silver flying saucer. what are talking about? a saucer bottom in silver. that is what traders are talking about. silver created tactical tops or bottoms which
CNBC
Sep 6, 2012 9:00am EDT
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
WETA
Sep 6, 2012 7:00pm EDT
, there is instincts, there's tough calls. >> mr. speaker, the president of the united states. >> woodruff: one of the criticisms of mr. obama's leadership is that he's had so much difficulty winning support from congress. many republicans say that's because he was too beholden to his democratic base. tom davis is a former g.o.p. congressman from virginia. >> when he got elected i think he had every intention of trying to bring everybody together behind him, let's work together, but he had a democratic congress. the minute you go over and sit down with the republicans you'll have pelosi and the democrats fighting saying "we won the election." so the pressure is for him to produce a work product and the republicans weren't going to follow over and say "oh, yeah, let's work together." it's tough situation. when your party controls both houses, those interest groups control the agenda. they don't want to give it away to the other side. >> reporter: but the number two democrat, dick durbin, said the president often took on leaders of his own party. he recounted a late night white house meeting on h
CNN
Sep 6, 2012 2:00am PDT
, madam secretary, casts all 188 votes for the president and the next president of the united states, barack obama. >> thank you mr. chairman. >> the convention wraps up tonight with speeches from vice president biden and, of course the big speech from president obama. the vice president did pay a visit to the time warner cable arena yesterday for a walk-through on the stage. the vice president getting a feel for what he'll be looking at later tonight. now, the vice president and the president were supposed to give their speeches outdoors in front of 74,000 people at bank of america stadium. but democrats had to move the speech back inside because of weather concerns. by the way that change in venue means they're not going to have any balloons. no balloon drop at a convention. the bottom of the hour we talk to margaret hoover and richard socarides. >>> former president clinton did not do it in his speech neither did mitt romney. that's why u.s. service members will be listening to president tonight to see if he mentions the war in afghanistan. we go live to kabul,
FOX Business
Sep 6, 2012 3:00pm EDT
as we have seen in the united states. the ftse up 12% and the cac index of 12% and bank stocks, french bank stocks up 7%. certainly a lot of positive reaction to this news but there are critics who say that the pcb is just throwing money at the problem. this is tantamount to finding governments by printing bank notes. there you go. strongly opposes this move. there are those who say it helps bring confidence back and brings down borrowing costs. bottom line is what does it do to address the euro zone debt crisis itself. this does not address it. it is down to individual governments to get their fiscal house in order. it could be a long time before that can be accomplished. >> the dow is up 220 points and the s&p up 26. it has been a real rally. let's take it to the traders at the stock exchange. john core team of legal very broad based rally. if you had to pick one is it a good private sector job numbers? let's not ignore that. we had job gains of 280,000. >> you are right. the economic data out of washington clearly is something the market needed and wanted and helping the market move
CW
Sep 6, 2012 12:00pm CDT
and children's clothing is at $10 billion year market in the united states next: police in evanston say they've cracked a burglarly ring involving young boys. also ahead, the latest after a driver is shot and killed on the dan ryan and then crashes into several parked cars on the south side. and we're live in highland park where the mayor is criticizing the handling of case involving the death of a five a year old girl. ♪ ♪ ♪ pop goes the world ♪ ♪ it goes something like this ♪ [ female announcer ] pop in a whole new kind of clean with new tide pods... just one removes more stains than the 6 next leading pacs combined. pop in. stand out. [ female announcer ] this is laura. laura's being healthy and chewing her multivitamin. introducing one-a-day vitacraves for women! finally, a great-tasting gummy multivitamin designed... for women with more calcium and vitamin d. it's gummies for grown-ups. new one-a-day vitacraves for women. an 18 year old woman is charged with d.u.i in the death of a five year old girl. but the mayor of higland park
CNBC
Sep 6, 2012 3:00pm EDT
in the united states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and thinking it gets fixed, but we have to see the election and get into december. >> more things to worry about and think about in the meantime. >> pretty sobers. >> 37 minutes until the closing bell. the nasdaq is higher by 61. >> that is a four.5 year high for the s&p 500, is there more room to run? should you take profits? >>> new claims, president obama and john boehner had a massive blow up over the collapse of the debt deal last year. we're talking about a tirade from the president, can they possibly work together to fix our debt situation if both remain in power after november. >>> and don't mist
CNBC
Sep 5, 2012 11:00pm EDT
production. we have nat gas as a big benefit. natural gas in the united states is cheaper than foreign locales. we have that as a cost advantage. we have cheaper electricity and better equipment on the ground. i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we haven't built a lot. >> we modernized the plants we have. a year, two years in permitting, three or four in execution. building refineries in the country, very tough to do. the most likely place it will happen is in the backyard of the existing plants. that's what we are doing for example in woods cross near salt lake city, utah. expanding from 30,000 to 44,000 barrels a day. >> one last question. i'm thinking why don't you own a thousand gas stations? you have the low cost refined product. you sell it to people. the other guys i follow have stations do they have the wrong
CNBC
Sep 6, 2012 5:00pm EDT
of the action was decent volume. not just here in the united states but also over in europe where we did see more than 2% gains across the board. dr. jay, what did you see in terms of the options market? >> there certainly was that. there were people trying to add alpha chasing the market here because they're behind the curve. clearly a lot of turnover in the leverage dtfs. i was looking at, for instance, the faz or the sso. i mean, all of these, whether it's a double, triple bear, double, triple bull, whichever it is, options on those before trading about seven times normal volumes today. most after this is people chasing either people that are mind and short, trying to catch up, or people that are basically flat and looking to get into the market. that's the main reason that they would trade either of those. i'd remind them to be careful about what warren buffett says. you combine ignorance with leverage, you get some pretty interesting results. that's exactly what we got today. >> right. we did see a broad-based rally. take a look at this list of s&p 500 gainers. pretty much from every se
FOX Business
Sep 6, 2012 1:00pm EDT
. this is blowing up in the face of the democratic party. if the president of the united states tonight continues with a theme of, elizabeth warren, and, the sudden populist drive of former president bill clinton clinton, election may be not close at all because the american people don't want to hear about us and them, telling them that the system is rigged. what they want is a fair, square deal. all they had to do was go back and look at the history of the democratic party. this isn't it. this is an anomaly. this is a departure. melissa: she is right the system is rigged. rigged against anybody that goes tout there to try to earn some money because the government is going to take it away from you. she is right but won the exact wrong point or conclusion. >> i have advice, since you prompt me in that direction for the republicans. republicans shouldn't get in a whine-off with the democrats. big boys and girls run big companies in this country and small business. it is time for everybody to stop the whining and get moving. what we desperately need in this country is a leader, in the senate, in the
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